A new tax regulation in Bangladesh will impose a 20% tax at source on allowances and fees earned by professionals attending institutional seminars and workshops, both in the public and private sectors. This applies to payments received for participation fees. The measure is part of the recently proposed budget and aims to increase government revenue. The tax will be deducted directly from the amount paid to attendees. This change impacts employed individuals across various industries who regularly participate in professional development activities. Financial experts suggest this could potentially discourage participation in such events, while the government maintains it is a necessary step for fiscal management. The implementation date and further details regarding the regulation are expected to be announced shortly.